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REFILE-METALS-Copper gains on firmer demand and talk of Iran ceasefire
By Eric Onstad LONDON, March 25 (Reuters) - Copper prices rose on Wednesday after reports that the U.S. was seeking a ceasefire in the Iran war and due to firmer Chinese demand, but the market was wary after Tehran delivered an initial negative response to a U.S. proposal.Benchmark three-month co...Reuters
Wed, Mar 25
REFILE-Canada, Alberta reach agreement to reduce methane emissions, PM's office says
TORONTO, March 25 (Reuters) - Canada's federal government and the government of Alberta have reached an agreement-in-principle aimed at reducing methane emissions by 75% below 2014 levels by 2035 in the oil-producing province, the Canadian prime minister's office said in a statement on Wedne...Reuters
Wed, Mar 25
Venezuela oil production has reached 1.1 mln bpd in March
March 25 (Reuters) - Venezuela's oil production, including condensate and gas liquids, has reached 1.1 mln barrels per day in March, a government presentation citing figures from state oil company PDVSA showed on Wednesday. The figure was an increase from January, when production was 942,000 bpd...Reuters
Wed, Mar 25
CERAWEEK-No way EU would increase Russian gas imports, EU ambassador to US says
HOUSTON, March 25 (Reuters) - The European Union's ambassador to the U.S. Jovita Neliupšienė said on Wednesday there was "no way" the EU would increase Russian gas imports. "I'm not sure if people on this side of the Atlantic understand the meaning of the war against Ukraine,"...Reuters
Wed, Mar 25
ADNOC CEO tells US vice president that free passage through Strait of Hormuz only solution to stabilising markets
March 25 (Reuters) - Abu Dhabi state oil company ADNOC's Group CEO Sultan Al Jaber told U.S. Vice President JD Vance on Wednesday that free passage through the Strait of Hormuz was the only durable solution to stabilising global markets.The U.S.-Israeli war against Iran has all but halted shipme...Reuters
Wed, Mar 25
SOFTS-Raw sugar tumbles from five-month high as oil prices fall
LONDON, March 25 (Reuters) - Raw sugar futures on ICE tumbled from the previous session's five-month high on Wednesday as reports that the U.S. is seeking a ceasefire with Iran weighed on oil prices. SUGARRaw sugar SBc1 lost 1.9% to 15.58 cents per lb by 1558 GMT, having set a fi...Reuters
Wed, Mar 25
Chile mining body warns new fuel tax threatens competitiveness
SANTIAGO, March 25 (Reuters) - A temporary tax adjustment on diesel driven by the Chilean government to mitigate rising fuel prices will hit the mining sector's competitiveness, the top mining body in the world's largest copper producer warned.• The government measure reduces the recovery of...Reuters
Wed, Mar 25
US to issue waiver to expand sales of E15 gasoline to ease pump prices
March 25 (Reuters) - President Donald Trump's administration on Wednesday announced it will issue a waiver expanding sales of gasoline blends with 15 percent ethanol, or E15, to combat higher pump prices since the start of the war on Iran.The move by the Environmental Protection Agency will allo...Reuters
Wed, Mar 25
Naftogaz seeks investments via Ukraine-US reconstruction fund, CEO says
KYIV, March 25 (Reuters) - Ukraine's state oil and gas major Naftogaz applied for funding via the Ukraine-U.S. joint reconstruction fund for LNG purchases, and to increase domestic gas output, the company's CEO Serhiy Koretskyi said on Wednesday.Reuters
Wed, Mar 25
NYSE American Options resolves technical issue that hit trading, market data
March 25 (Reuters) - Intercontinental Exchange's ICE.N NYSE American Options said on Wednesday it has resolved a technical issue that had affected trading, post-trade and market data."All systems are currently operational," the exchange operator said.Reuters
Wed, Mar 25
CERAWEEK-Exxon says its team is in Venezuela evaluating oil opportunities
By Sheila Dang HOUSTON, March 25 (Reuters) - Exxon Mobil XOM.N has a team in Venezuela this week evaluating the country's oil and gas resources and infrastructure, upstream head Dan Ammann said Wednesday at the CERAWeek by S&P Global conference in Houston.In January, Exxon CEO Darren Wood...Reuters
Wed, Mar 25
CERAWEEK-Cheniere already operating at maximum capacity, CEO says, as Asia calls for more LNG
Cheniere's Asian customers seek LNG amid Middle East supply cutsFusco emphasizes safety and reliability despite high demandCheniere expects LNG growth from Asia, despite market shocksBy Curtis WilliamsHOUSTON, March 25 (Reuters) - U.S. LNG exporter Cheniere Energy's LNG.N Asian customers are...Reuters
Wed, Mar 25
CERAWEEK-Wait time to connect to the Virginia power grid climbs to 10 years, Google energy exec says
HOUSTON, March 25 (Reuters) - The time required to connect to the Virginia power grid, where the largest concentration of U.S. data centers are located, have climbed to 10 years, Amanda Peterson Corio, global head of data center energy at Google, said at the CERAWeek conference in Houston on Wednesd...Reuters
Wed, Mar 25
EU drafts plan to end excess carbon permit cancellation, sources say
Plan would end automatic cancellation of excess carbon permitsDraft plan would not cap ETS price, sources sayEU rushing to curb energy price spike amid Iran warBrussels under pressure from some members to weaken carbon marketBy Kate AbnettBRUSSELS, March 25 (Reuters) - The European Union is consider...Reuters
Wed, Mar 25
CERAWEEK-Exxon has team in Venezuela this week evaluating resources and infrastructure, upstream head says
HOUSTON, March 25 (Reuters) - ExxonMobil has a team in Venezuela this week evaluating the resource in the country, upstream head Dan Ammann said Wednesday at the CERAWeek conference in Houston.Ammann said there is some short-term progress that could be made in the South American country. He said tha...Reuters
Wed, Mar 25
CERAWEEK-Devon Energy to hold activity steady even as oil prices spike, CEO says
By Georgina McCartney HOUSTON, March 25 (Reuters) - U.S. shale producer Devon Energy DV.N will not react quickly to the jump in oil prices and will instead focus on long-term price signals, its CEO Clay Gaspar said on Wednesday at the CERAWeek energy conference in Houston. Here are some deta...Reuters
Wed, Mar 25
Lyft rolls out driver-relief program as US fuel prices climb
March 25 (Reuters) - Ride-hailing company Lyft LYFT.O said on Wednesday it will roll out a temporary driver-relief program in the United States, as higher gasoline prices squeeze earnings for gig workers.A sharp rise in fuel costs, driven by energy supply disruptions linked to the ongoing U.S.-Israe...Reuters
Wed, Mar 25
Russia's Baltic ports halt oil loadings after heavy Ukrainian drone attack, sources say
Attacks among the largest on oil export facilities in RussiaPorts had briefly resumed exports after earlier strikesBlack smoke seen over the Gulf of Finland March 25 (Reuters) - Russia's Baltic ports of Primorsk and Ust-Luga, major export terminals, suspended crude oil and oil products loadin...Reuters
Wed, Mar 25
Carney slams Air Canada CEO for English-only remarks after crash
OTTAWA, March 25 (Reuters) - Prime Minister Mark Carney on Wednesday criticized Air Canada AC.TO CEO Michael Rousseau for expressing condolences after a fatal crash in English and not in French, Canada's second official language.Carney told reporters that Rousseau had shown a lack of judgment an...Reuters
Wed, Mar 25
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